Financial Stability | Merit Weekend 2017
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- 41% of American adults give themselves a "C" grade or lower on their financial knowledge. The document provides tips and resources to help students and parents prepare for the financial aspects of college, including maintaining financial aid, budgeting, loans and repayment options. - It encourages creating a free account on seeblue.com/igrad for financial tools and webinars on paying for college. Key tasks are completing the FAFSA, reviewing financial aid awards on myUK, accepting loans and doing entrance counseling. - Payments can be made online through myUK via credit card or electronic check. Bills are due on the 22nd of each month. The Student Financial Wellness Center and MoneyCATS
Financial Stability | Merit Weekend 2017
- 1. Financial Stability Are you prepared to successfully finance life?
- 2. 41% OF AMERICAN ADULTS SAID THEY DESERVE NO BETTER THAN A “C” GRADE WHEN IT COMES TO THEIR OWN PERSONAL FINANCIAL KNOWLEDGE
- 3. Do You… • Have a plan to afford your education and to be financially well? • Know the costs you will incur?
- 4. Do You… • Know what financial aid you will receive? • Know what YOU must do to maintain your aid and investment? • Know how to live on a budget?
- 5. • Online tools and resources • Prepare for this transition • Basic money management tips, • Key financial aid terms • Loan repayment options, • Investments, retirement plans Create your free account today!seeblue.com/igrad
- 6. `
- 8. Article – 5 Tips to Help Your Student Prepare for College http://www.igrad.com/articles/5-tips-to-help-your-student-prepare-for-college Webinar - A Student and Parent’s Guide to Paying for College. https://www.igrad.com/webinars/A-Student-and-Parents-Guide-to-Paying-for-College-Rob-LaBreche Create an iGrad profile! Using iGrad will offer you the tools and resources that you and your college support network will need to prepare for this transition and continue to let it grow with you for everything from basic money management tips, to key financial aid terms and loan repayment options, as well as investments, retirement plans and buying your first home.
- 10. myUK – Financials Tab http://myuk.uky.edu STAY CONNECTED!
- 11. Financial Aid
- 12. What Is Financial Aid?
- 13. FAFSA • A FAFSA Must be completed to be eligible for: – Need-based scholarships and grants (from the Federal Government, the State of Kentucky and UK). – Federal Student Loans or Parent PLUS Loans. Remember – the FAFSA is FREE (FREE Application for Federal Student Aid) www.fafsa.ed.gov
- 14. What Loans Are Available? 1. Student Federal Direct Loans Student FAFSA on File 2. Parent Federal Direct Plus Loan Student FAFSA on File 3. Private Student Loans Fast Choice Tool for Comparison https://choice.fastproducts.org/FastChoice/home/198900/1
- 15. Financial Aid Check List Ensure a FAFSA is complete if you intend to file. Log into myUK and review and accept/decline your financial aid. If you are borrowing federal loans, complete your Entrance Counseling and MPN. For help - contact your financial aid counselor: http://www.uky.edu/financialaid/find-your-counselor Financial Aid – 128 W.D. Funkhouser Bldg. (859) 257-3172 http://www.uky.edu/financialaid
- 16. What is MyPasscode? Code to release financial information • MyPasscode is created by student on myUK • MyPasscode is shared by student with individual(s) they choose to have access to their financial records • MyPasscode is required prior to release of any financial information
- 17. Guest Access
- 18. Account Statements? • Sent via email only –PDF attachment • Students’ UK assigned email address Email is the University’s official means of communication Quick Note: ALL bills are due on the 22nd of EACH MONTH…regardless of payment plan option!! Initial billing statements will be sent 8/1 with a due date of 8/22.
- 19. How Are Payments Made? My UK portal: myUK.uky.edu Student’s active directory account required • Credit Cards (2.25% fee) – Visa, American Express, MasterCard & Discover • Electronic Check (no fee) – Bank account and routing numbers required • Installment Payment Plan – Up to 4 monthly installments (per semester) – $50 fee for each semester – http://seeblue.com/payments
- 20. Student Account Services 18 W.D. Funkhouser Bldg. www.uky.edu/studentaccount [email protected] (859) 257-3406
- 21. 302 Patterson Hall (North Campus) (859) 323-5241 www.uky.edu/financialwellness [email protected]
- 22. Student Financial Wellness Center Need Help Figuring it Out $$? • 1:1, confidential peer coaching by MoneyCATS • Basic money management assistance: tracking your spending, needs vs. wants, building a budget • iGrad exploratory computer lounge open during building hours. • Connection to resources to serve your immediate and future needs. http://www.uky.edu/financialwellness
- 23. Professional Development, Leadership and Life Skills, Confidentiality, Kindness [email protected] @UKMoneyCATS Template – Student Budget http://www.igrad.com/articles/bu dget-worksheet-spreadsheet
- 24. Working On Campus A job on campus can help with discretionary income, tuition, books, etc. Student positions are listed directly on the UK Human Resources website
- 25. 302 Patterson Hall (North Campus) (859) 323-5241 www.uky.edu/financialwellness [email protected]